SOURCE: Taleo Corporation

Taleo Corporation

March 17, 2010 06:00 ET

Taleo Research Spotlights Seven Steps for Effective Leadership Development

Global Best-Practice Research Shows Significant Business Value From Developing Leaders at All Levels of an Organization

DUBLIN, CA--(Marketwire - March 17, 2010) -  Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced the availability of a new Taleo Research™ whitepaper, Seven Steps for Effective Leadership Development. The paper combines best practice input from across Taleo's 4,400 global customers, as well as leading industry research, to crystallize practices of companies that are successfully driving growth through talent management.

As the economy slowly recovers, CEO's are beginning to plan for a return to growth according to findings from The Conference Board's CEO Challenge 2010 survey, released this month. Having leaders in place that are able to consistently and successfully execute on corporate growth strategies remains a top concern for CEOs. However, according to a December 2009 study by Egon Zehnder International, the number of managers for leadership roles will drop by 36% in just six years and the average corporation will be left with half the critical talent it needs by 2015.

"Historically, companies only considered leadership development a priority for top executives. Market issues are beginning to change this mindset and more and more organizations are starting to think more widely and deeply about their talent," said Alice Snell, Vice President of Taleo Research. "Unfortunately, there is no 'restore previous settings' button to get organizations back to pre-recession growth and success, but having a comprehensive talent management strategy that identifies and builds on critical talent throughout the organization is a good place to start."

Taleo's research finds that companies face two major challenges when it comes to leadership development:

  • Identifying qualified candidates to fill current and future leadership roles;
  • Having the tools and techniques to develop a comprehensive leadership program to cultivate and develop the leaders of tomorrow.

Taleo Research found that the most successful leadership development programs first recognize and understand the type of leadership style needed for their culture, then align leadership development with overall corporate strategy. To identify, fill and retain leadership talent, these companies rounded out their leadership development programs with hiring strategies, employee development programs and succession planning initiatives. In addition, they tapped technology solutions to extend their practices across the entire workforce.

"Talent management is really about having the whole workforce involved in the kinds of things that will help them be more engaged and productive, especially when it comes to leadership development," said Snell.

The most successful leadership development programs include the following seven steps:

  • Determining the best leadership style for the organization;
  • Identifying current and potential leaders;
  • Identifying leadership gaps;
  • Developing succession plans for critical roles;
  • Developing career planning goals for potential leaders;
  • Developing skills roadmaps for future leaders;
  • Developing retention programs for current and future leaders.

To download the complete whitepaper, please visit: http://new.taleo.com/resources/white-papers

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About Taleo
Taleo (NASDAQ: TLEO) is the leader in on-demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,400 organizations use Taleo for talent acquisition, performance and compensation management, including 47 of the Fortune 100 and over 3,600 small and medium sized businesses across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.

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